Which of the Following Is Considered as a Liability in the Balance

question 20

Multiple Choice

Which of the following is considered as a liability in the balance sheet of a firm?

• A)Accounts receivable
• B)Corporate bonds
• C)Retained earnings
• D)Common stock
• E)Plant and equipment

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Definitions:

Sucrose

Disaccharide composed of glucose and fructose; table sugar.

Salt

A mineral compound that is composed mainly of sodium chloride, which is essential for life in general.

Water

A tasteless, odorless, and colorless chemical substance composed of hydrogen and oxygen, essential for most forms of life on Earth.

Chemical Energy

The potential of a chemical substance to undergo a transformation through a chemical reaction to transform other chemical substances.